Armenian banks’ credit investment grow to 722 billion drams

06.04.2010 10:25
Armenian banks’ credit investment grow to 722 billion drams

YEREVAN, April 6, /ARKA/. In late February Armenian commercial banks’ credit investments grew further by 2.2% (or 15.8 billion Drams) from January to 722 billion Drams, the National Statistical Service reported.

It said the volume of credits allocated in foreign currency grew by 4.3% to 373.3 billion in Dram denomination. The growth, in Drams, was 15.2 billion Drams. The volume of credits in the national currency grew by 0.2% (586 million Drams) to 348.7 billion Drams.

The volume of prolonged credits was up by 2.7 billion Drams, compared to late January, growing to 27.9 billion Drams, while the volume of overdue credits dropped by 267 million Drams to 5.1 billion Drams.
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